Frontier Group Holdings (FRA:0VN) Inventory Turnover : 11.15 (As of Mar. 2024)

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What is Frontier Group Holdings Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Frontier Group Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was €788 Mil. Frontier Group Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was €71 Mil. Frontier Group Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 11.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Frontier Group Holdings's Days Inventory for the three months ended in Mar. 2024 was 8.18.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Frontier Group Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

Frontier Group Holdings Inventory Turnover Historical Data

The historical data trend for Frontier Group Holdings's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Frontier Group Holdings Inventory Turnover Chart

Frontier Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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100.25

82.21

98.95

74.07

48.47

Frontier Group Holdings Quarterly Data
	Mar17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															14.32	13.44	12.77	10.72	11.15

Frontier Group Holdings Inventory Turnover Calculation

Frontier Group Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	3014.179	/ (	(51.92	+	72.443)	/	2 )
=	3014.179	/	62.1815
=	48.47

Frontier Group Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	788.44	/ (	(72.443	+	69)	/	2 )
=	788.44	/	70.7215
=	11.15

Frontier Group Holdings (FRA:0VN) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Frontier Group Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	70.7215	/	788.44	*	365 / 4
	=	8.18

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Frontier Group Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	70.7215	/	795.8
	=	0.09

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Frontier Group Holdings Inventory Turnover Related Terms

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Frontier Group Holdings (FRA:0VN) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Frontier Group Holdings Inc (FRA:0VN) » Definitions » Inventory Turnover

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ULCC:USA

Address

4545 Airport Way, Denver, CO, USA, 80239

Website

https://www.FlyFrontier.com

Frontier Group Holdings Inc is an ultra low-cost carrier whose business is focused on Low Fares Done Right. The company owns fleet of 120 Airbus single-aisle aircraft, consisting of 13 A320ceos, 82 A320neos, 21 A321ceos and 4 A321neos. The use of these aircraft, its seating configuration, weight-saving tactics and baggage process have all contributed to ability to continue to be the fuel-efficient of all the U.S. The Company is managed as a single business unit that provides air transportation for passengers.

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